Volocopter partners with Honeywell to develop VTOL landing systemsnews Alasdair Whyte 10 Apr 19 0Volocopter has signed an agreement with aviation services company Honeywelll to develop new automatic take-off and landing systems for Volocopter’s VTOL aircraft. Honeywell is breaking… Read more
Luxaviation Helicopters adds PhilJets to its charter alliancenews Alasdair Whyte 10 Apr 19 0Luxaviation Helicopters has added the Philippines helicopter charter operator PhilJets as the newest member of the Luxaviation Helicopters Charter Alliance. Luxaviation launched the alliance at… Read more
Co-founder Carl Dietrich leaves Terrafugianews Alasdair Whyte 9 Apr 19 0Carl Dietrich, a co-founder of experimental-aircraft design house Terrafugia has left the company. Carl and his wife Anna Dietrich were among the group of five… Read more
Carlyle Group completes purchase of StandardAeronews Alasdair Whyte 8 Apr 19 0Repair and overhaul company StandardAero has been acquired by global investment firm The Carlyle Group. The company was purchased for an undisclosed amount (estimated at… Read more
Babcock Group confirms Ruth Cairnie as new chairnews Alasdair Whyte 5 Apr 19 0Babcock International Group has confirmed that Ruth Cairnie will assume the role of the group’s chair starting 18 July – replacing Mike Turner in the… Read more
PHI files Chapter 11 plan for $630m debt-to-equity swapnews Alasdair Whyte 4 Apr 19 0Oil-and-gas helicopter operator PHI has filed a Chapter 11 plan that proposes a more than $630 million debt-for-equity swap in an effort to trim its… Read more
EHang delays IPO, turns to venturenews Alasdair Whyte 3 Apr 19 0EHang has delayed its plans for an initial public offering (IPO), turning instead to venture capital – hoping to raise up to $200 million privately.… Read more
Another law firm opens case against Bristownews Alasdair Whyte 3 Apr 19 0New York-based Faruqi & Faruqi is the latest law firm to climb on the class-action bandwagon to launch a class-action law suit against Bristow Group.… Read more
Former Shell executive in line for Babcock chairnews Alasdair Whyte 3 Apr 19 0Former Shell EVP Ruth Cairnie is expected to become the first chair of UK defence contractor and helicopter operator Babcock international. According to the Financial… Read more
XTI TriFan to fly soonnews Alasdair Whyte 29 Mar 19 0The XTI TriFan hybrid VTOL will be starting proof-of-concept test flights soon. The Colarado-based manufacturer has revealed the first full-scale, proof-of-concept design for the TriFan… Read more
Leonardo sells five O&G helicopters to Weststar Aviationnews Alasdair Whyte 28 Mar 19 0Leonardo Helicopters has signed a contract with Weststar Aviation services to sell five new helicopters to the operator – the deal is valued at approximately… Read more
EHang to offer test rides in Austrianews Alasdair Whyte 26 Mar 19 0EHang will be offering test rides in Austria this year. The Chinese UAV and drone manufacturer have partnered with Austrian aviation- services company FACC and… Read more
Government gives STARS $65 million for new helicoptersnews Alasdair Whyte 26 Mar 19 0Non-profit air ambulance service STARS will receive CAD$65 million from the government to help replace its ageing EMS fleet. The Canadian government announced today in… Read more
PHI delisted from Nasdaq following Chapter 11news Alasdair Whyte 25 Mar 19 0Oil-and-gas helicopter operator PHI Helicopters has been delisted by the Nasdaq stock exchange after the firm filed for Chapter 11 on 14 March. PHI states… Read more
Bristow gains extension for late Q3 results, avoids loan defaultsnews Alasdair Whyte 20 Mar 19 0Oil-and-gas helicopter operator Bristow Group has managed to secure an extension until 15 April to file its delayed third-quarter results for 31 December 2018. The… Read more
Steffen Bay new CEO of NHVnews Alasdair Whyte 15 Mar 19 0Belgium helicopter operator NHV Group has named Steffen Bay as its new chief executive, replacing former chief and founder Eric Van Hal. “Steffen brings a… Read more
DART Aerospace sold to private-equity backed buyer news Alasdair Whyte 15 Mar 19 0DART Aerospace, an aftermarket parts provider operating as a subsidiary of Eagle Copters, has been sold to private-equity firm Greenbriar Equity Group and First Aviation Services. The… Read more
Everett Aviation leases first S-92A from Lobo Leasingnews Alasdair Whyte 15 Mar 19 0East-African operator Everett Aviation has signed a lease deal for one new Sikorsky S-92A helicopter with Lobo Leasing. The S-92A is the first Sikorsky aircraft in the… Read more
PHI files for Chapter 11 as pressure from $500m note maturing hitsnews Alasdair Whyte 15 Mar 19 0PHI has filed for Chapter 11 in the US Bankruptcy Court for the Northern District of Texas just as its $500 million worth of unsecured notes were due to mature. The… Read more
Faradair announces hybrid electric commercial flight capability from 2025news Alasdair Whyte 12 Mar 19 0At Revolution.Aero Europe 2019, in London, the British aerospace start-up Faradair has revealed its intention to certify its 18-seat, hybrid electric ‘BEHA’ aircraft (Bio Electric… Read more
